Home > Salary > Iceland > Actuarial Associate
An actuarial associate is a professional who works in the field of actuarial science. They are responsible for analyzing and interpreting data to assess and manage risks for insurance companies, financial institutions, and other organizations. Actuarial associates use mathematical and statistical models to calculate the probability of certain events occurring, such as accidents, illnesses, or natural disasters, and determine the financial impact of these events. They also design and evaluate insurance policies, develop pricing strategies, and provide recommendations on risk management.
Estimated Yearly Salary: 15,121,868 ISK
Estimated Monthly Salary: 1,260,156 ISK
Estimated Weekly Salary: 290,805 ISK per week
Estimated Hourly Salary: 7,270 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,213,987 ISK
Estimated Weekly Salary: 280,151 ISK per week
Estimated Hourly Salary: 7,004 ISK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 105,430 USD
Estimated Monthly Salary: 8,786 USD
Estimated Weekly Salary: 2,028 USD per week
Estimated Hourly Salary: 51 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 15,121,868 ISK
Estimated Monthly Salary: 1,260,156 ISK
Estimated Weekly Salary: 290,805 ISK per week
Estimated Hourly Salary: 7,270 ISK per hour
By working as Actuarial Associate a person can save up to 6,057 USD per month or 72,684 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Actuarial Associate
Last revision of data: 2025-01-04
Data as of 2025
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Actuarial Associate salary in Iceland
Average Yearly Salary of Actuarial Associate in Iceland is approximately 15,121,868 ISK (105,430 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Actuarial Associate do?
An actuarial associate is a professional who works in the field of actuarial science. They are responsible for analyzing and interpreting data to assess and manage risks for insurance companies, financial institutions, and other organizations. Actuarial associates use mathematical and statistical models to calculate the probability of certain events occurring, such as accidents, illnesses, or natural disasters, and determine the financial impact of these events. They also design and evaluate insurance policies, develop pricing strategies, and provide recommendations on risk management.
Skills: Actuarial science, Risk assessment, Data analysis, Statistical modeling, Insurance industry, Risk management
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Associate make?
Salary details
How much does Actuarial Associate make?Estimated Yearly Salary: 15,121,868 ISK
Estimated Monthly Salary: 1,260,156 ISK
Estimated Weekly Salary: 290,805 ISK per week
Estimated Hourly Salary: 7,270 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 14,567,839 ISKEstimated Monthly Salary: 1,213,987 ISK
Estimated Weekly Salary: 280,151 ISK per week
Estimated Hourly Salary: 7,004 ISK per hour
Last revision of data: 2024-01-08Actuarial Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 105,430 USD
Estimated Monthly Salary: 8,786 USD
Estimated Weekly Salary: 2,028 USD per week
Estimated Hourly Salary: 51 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Associate job salary compared to average salary in Iceland.
Comparison shows that a person working as Actuarial Associate in Iceland earns on average:
1.69 times the average salary (or 169% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Associate job salary compared to average salary in Iceland.
Comparison shows that a person working as Actuarial Associate in Iceland earns on average:
1.69 times the average salary (or 169% of average salary).
Is Actuarial Associate a well paid job?
Yes, our data shows that Actuarial Associate is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Actuarial Associate?
High salary for Actuarial Associate would be somewhere between 16,634,055 ISK and 21,926,709 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Associate in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 15,121,868 ISK
Estimated Monthly Salary: 1,260,156 ISK
Estimated Weekly Salary: 290,805 ISK per week
Estimated Hourly Salary: 7,270 ISK per hour
By working as Actuarial Associate a person can save up to 6,057 USD per month or 72,684 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Actuarial Associate
Norway is 148,057 USD
United Kingdom is 69,414 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Nutritional services aide (3,163,211 ISK per year, pre-tax.)
Real estate marketing assistant (5,190,926 ISK per year, pre-tax.)
Amusement attendant (3,937,930 ISK per year, pre-tax.)
Social media campaign manager (7,965,332 ISK per year, pre-tax.)
Water restoration technician (5,422,989 ISK per year, pre-tax.)
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